MADISON, Wis. - (10/21/05) -- Three more area credit unions havejoined the 10 credit unions and banks and the University ofWisconsin in a program aimed at helping scofflaw consumers regaintheir checking account privileges. The newest participants, FoxCommunities CU, Kim Central CU and Prospera CU, will join the GetChecking program, which helps consumers who have lost theirchecking accounts because of credit abuses open new checkingaccounts. To qualify for the accounts, participants must attendfree workshops and satisfy certain requirements. Otherparticipating credit unions are: CitizensFirst CU, Community FirstCU and Unison CU.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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